Second Quarterly Payment Date is 25th June 2013 The Zimbabwe Revenue Authority (ZIMRA) is reminding all its valued clients whose taxable income includes amounts which are not subject to Pay As You Earn (PAYE) that the second installment for Provisional Tax for the tax year ending 31st December 2013 is due on 25th June 2013. This includes all clients in receipt of, or to whom income accrued from trade or investment. The remaining Quarterly Payment Dates (QPDs) for year ending 31 December 2013 are as follows: 2nd QPD, 25th June 2013, 25% 3rd QPD, 25th September 2013, 30% 4th QPD, 20th December 2013, 35% For the purposes of calculating the Provisional Tax for each Quarterly Payment Date, you are required to estimate the annual tax due and calculate the respective percentage of tax due for the quarter. The annual estimated tax due should be revised to update the estimates every quarter. The remittance form for Provisional Tax payments, Form ITF12B, must also be completed in respect of the payments. Form ITF12B can be downloaded from the ZIMRA website (zimra.co.zw) or can be obtained from any ZIMRA office. ZIMRA urges its valued clients to pay taxes on time to avoid penalties and interest normally levied on late payments. Paying taxes and duties on time and in full builds and dignifies Zimbabwe!
Posted on: Thu, 20 Jun 2013 07:54:01 +0000
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